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Trade in Services for Growth and Structural Transformation in West Africa

  • Françoise Okah Efogo
Chapter
Part of the Advances in African Economic, Social and Political Development book series (AAESPD)

Abstract

The objective of this paper is to identify the categories of services likely to foster structural transformation and economic growth in ECOWAS. This paper seeks to move beyond theoretical exercise by offering policy solutions which could streamline services trade in ECOWAS, thereby allowing it to take advantage of expansion in this sector. For this, we rely on data from ECOWAS countries between 1995 and 2015 from the UNCTAD database and WDI (2016) database. Results from a dynamic panel model show that for each ECOWAS countries there is at least one category of services that promotes structural transformation and/or economic growth. Services trade (imports and/or exports) could be a powerful tool for economic growth, structural transformation and integration if the various countries rely on the appropriate service for this purpose.

Keywords

Trade in services Economic growth Structural transformation ECOWAS 

JEL Classification

O14 O24 O40 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Françoise Okah Efogo
    • 1
  1. 1.Faculty of Economics and ManagementUniversity of Yaounde IISoaCameroon

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